Business
Utah Operations Update
Utah Operations Update.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2219O Rose Petroleum PLC 05 August 2014 \n \n\nRose Petroleum plc (AIM: ROSE)\n(\"Rose\" or the \"Company\")\nUtah Operations Update\nHighlights\n· Successful Mechanical Integrity Test (MIT) of Paradox well casing\n· Rose finalising bids for 3-D seismic survey\n· Key operations personnel being hired\nRose Petroleum (AIM: Rose), the AIM-listed natural resources company, is pleased to announce that it has successfully conducted a Mechanical Integrity Test (MIT) of the casing in its State 16-42 Paradox well located in Grand County, Utah. \nThe MIT consisted of pressurising the casing to 1010 psi for 22 minutes and then bleeding off the pressure on the wellhead. The test results were provided to the State of Utah Department of Oil, Gas and Mining (DOGM) and were deemed satisfactory by the DOGM officials to satisfy the necessary casing integrity in preparation for future well operations and production testing slated for later this year.\nFurthermore, Rose is finalising bids on the Gunnison Valley Unit (Paradox) 3-D seismic survey and will begin the regulatory and permitting process imminently with the goal to begin acquiring seismic data in late Q3/early Q4 of this year. It is expected that while acquiring the 3-D data, the Company will begin testing the State 16-42 Paradox well and spud the first Mancos well. Additional specific updates for each of these operations will be forthcoming throughout the course of the coming months.\nRose is also in the final stages of completing the hiring of key operations personnel and is pleased with the calibre of people it has attracted. The notice periods for some of the team joining could lead to a relatively minor change in timings of planned operations, however recruiting the best qualified personnel is key to the Company's success. Further updates in regards to personnel will be issued when appropriate. \nGroup CEO Matthew Idiens commented: \"With the MIT test completed and the in-house operations team taking shape, Rose is looking in good shape for the future. We look forward to updating the market further on our drilling programme and key personnel in the coming weeks.\"\n \nFor further information, please contact:\nRose Petroleum Plc  ...